Iberdrola and the European Investment Bank (EIB) have signed a new agreement for the provision of a EUR70 million (US$74.5 million) green loan for the development of a portfolio of projects in Portugal with a total capacity of around 188 MW.
The solar facilities would produce green and competitive energy equal to the average use of over 65,000 households. More than EUR150 million (US$159.6 million) will be invested in the projects.
The EIB will fund five photovoltaic (PV) solar facilities and associated grid connections in the Portuguese provinces of Algarve, Centro, Alentejo, and Lisbon.
Country updates
-
-
November 30, 2022
EDPR, Vestas complete turbine installation for 62 MW wind project in Lagos
EDP Renováveis (EDPR) has completed the installation of the two largest and most powerful onshore wind turbines in the Iberian peninsula on its 62 MW Barão São João wind pa...
Read more -
November 14, 2022
Fusion Fuel commissions Portuguese green hydrogen project
Fusion Fuel and Ballard Power Systems have connected Fusion Fuel's H2Évora green hydrogen project to the Portuguese electric grid. The demonstration project, which consists of 15 HEVO-Solar un...
Read more -
November 11, 2022
Iberdrola completes construction of 13.5 MW Conde solar project in Lisbon
Iberdrola has completed the construction of the 13.5 MW Conde solar photovoltaic facility located in the municipality of Palmela, in the district of Setúbal, Portugal. The solar far...
Read more -
November 10, 2022
Sonnedix acquires 262 MW Solar PV portfolio in Portugal
Sonnedix has announced its acquisition of a 262 MWp solar photovoltaic (PV) portfolio consisting of seven ground-mounted solar farms built across Portugal. The portfolio is now under construction or i...
Read more -
November 09, 2022
Iberdrola secures EUR500m loan for renewable energy projects
Iberdrola SA has signed a syndicated EUR500 million (US$499.8 million) green loan with CaixaBank and BNP Paribas SA, with Cesce providing credit insurance. The 15-year loan will support wind, solar p...
Read more
